PsiQuantum has appointed Victor Peng, former president of Advanced Micro Devices, as interim CEO to lead the company’s shift toward large-scale deployment of its utility-scale quantum systems while a search for a permanent CEO is underway.
Peng will succeed co-founder Jeremy O’Brien, who will transition to executive chairman to lead the board of directors and focus on long-term strategy and partnerships, PsiQuantum said Tuesday.
“Victor brings exactly the leadership we need,” O’Brien said. “He has guided multiple major computing platform transitions, and I’m excited to partner closely with him as we deliver on PsiQuantum’s mission.”
What Are Victor Peng’s Responsibilities as PsiQuantum’s Interim CEO?
In his new role, Peng will oversee daily operations, business and financial strategy, and execution across PsiQuantum’s initiatives, including the development of utility-scale quantum computing sites in Brisbane, Australia, and Chicago, Illinois.
Focusing now on delivering the technical foundation established over the past decade, Peng emphasized that the primary task ahead is execution. In a LinkedIn post, the interim CEO noted that PsiQuantum represents the most significant step-change he has seen yet.
Founded in 2016, PsiQuantum has centered its approach on silicon photonics and semiconductor manufacturing to scale fault-tolerant quantum systems. The company has developed its Omega silicon photonic chipset, manufactured at GlobalFoundries in New York, and launched Construct, a software platform dedicated to fault-tolerant algorithm development.
Who Is Victor Peng?
Peng brings more than 40 years of industry experience spanning central processing units, graphics processing units, field-programmable gate arrays and system-level architectures. He previously led AMD’s embedded and data center GPU businesses and was responsible for the company’s advanced research and artificial intelligence strategy. Earlier in his career, he was the CEO of Xilinx, which was acquired by AMD in a $49 billion deal in 2022.
PsiQuantum’s leadership update follows a year that included advancing to the final stage of the Defense Advanced Research Projects Agency’s Quantum Benchmarking Initiative, raising more than $1 billion in a Series E round, and expanding collaborations with NVIDIA, Airbus and Lockheed Martin.
